Announced
Completed
Financials
Tags
Single Bidder
Majority
Acquisition
Friendly
Canada
mine development
General Mining
Cross Border
Privatisation
Public
Completed
Synopsis
Glencore, a global diversified natural resource company, completed the acquisition of the remaining 17.81% stake in PolyMet Mining, a mine development company, for $73m. Under the Proposal, each Common Share would be acquired for consideration of $2.11 in cash, which is at par with the recent rights offering done by PolyMet in April 2023.
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